McNicoll Lewis & Vlak Starts Stock Coverage on Marriott (MAR)
Shares of Marriott opened at 38.29 on Wednesday. Marriott has a one year low of $25.49 and a one year high of $40.45. The company has a market cap of $12.674 billion and a P/E ratio of 66.48.
Marriott last announced its earnings results on Wednesday, April 18th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts predict that Marriott will post $0.37 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at MLV & Co initiated coverage on shares of Marriott in a research note to investors on Wednesday. They set a “hold” rating and a $41.00 price target on the stock. Separately, analysts at Deutsche Bank (NYSE: DB) initiated coverage on shares of Marriott in a research note to investors on Tuesday, May 15th. They set a “hold” rating and a $44.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Marriott in a research note to investors on Tuesday, May 1st. They now have a $41.00 price target on the stock.
Marriott International, Inc. is a worldwide operator and franchisor of hotels and related lodging facilities.
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